Crédit Mutuel Nord Europe Investor Presentation June 2017 INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT INCLUDING BUT NOT LIMITED TO ANY RECENT DEVELOPMENTS 1
Disclaimer INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT INCLUDING BUT NOT LIMITED TO ANY RECENT DEVELOPMENTS This document comprises the written materials for an investors presentation relating to Caisse Fédérale du Crédit Mutuel Nord Europe (the “CMNE”). The contents of this presentation are to be kept confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. Information contained in this presentation is solely for the purpose of presenting the recipients with a short introduction to CMNE’s business. This presentation does NOT constitute a prospectus or other offering document in whole or in part. This presentation does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to buy or subscribe for any security nor shall it (or any part of it) form the basis of (or be relied on in connection with) any contract or investment decision in relation thereto. Recipients should conduct their own investigation, evaluation and analysis of the information set out in this document and should rely solely on their own judgment, investigation, evaluation and analysis in evaluating CMNE, its business and affairs. No representation or warranty, express or implied, is given by or on behalf of CMNE, the Joint Lead Managers, or any of their respective directors, officers, employees, advisers, agents, affiliates or any other person as to (a) the accuracy, fairness or completeness of the information or (b) the opinions contained in this document, and, save in the case of fraud, no liability whatsoever is accepted for any such information or opinions. The information and opinions contained in this presentation are provided as at the date of this document and are subject to change without notice although neither CMNE nor any other person assumes any responsibility or obligation to provide the recipients with access to any additional information or update or revise any such statements, regardless of whether those statements are affected by the results of new information, future events or otherwise. All liability (including, without limitation, liability for indirect, economic or consequential loss) is hereby excluded to the fullest extent permissible by law. Certain statements included in this presentation are “forward-looking”. Such forward-looking statements speak only at the date of this document, involve substantial uncertainties and actual results and developments may differ materially from future results expressed or implied by such forward-looking statements. Neither CMNE nor any other person undertakes any obligation to update or revise any forward-looking statements. This document and the investment activity to which it relates may only be communicated to, and are only directed at (i) persons in the United Kingdom having professional experience in matters relating to investments, being investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO"); (ii) qualified investors ( investisseurs qualifiés ) as defined in Article L411-2 of the French Monetary and Financial Code and (iii) persons to whom the communication may otherwise lawfully be made (together "Relevant Persons"). Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This document must not be acted or relied on by any persons who are not Relevant Persons. NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES - Nothing in this presentation shall constitute an offer of securities for sale in the United States. The securities referred to in this presentation (if any) have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state of the United States , and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and applicable state securities laws. There will be no public offering of the securities in the United States. 2
Contents 1. Overview 2. 2016 Key Figures 3. Capital and Liquidity positions 4. Risk Profile 5. Key Takeaways 6. Contacts Appendices 3
1. Overview 4
A Strong Bancassurance Group Crédit Mutuel Nord Europe (“CMNE”): A member of the Crédit Mutuel Group 1 , one of the leading French bancassurance group in terms of retail banking, with a proven financial strength A mutual company, like the other members of Crédit Mutuel Group, organized around more than 150 “Caisses Locales” owned by “sociétaires” or members Head office and parent company are located in Lille, Northern France, with subsidiaries located in Paris (La Française, NEA) and Brussels (Beobank) CMNE is a group structured around three businesses : Retail France 8 entities Corporate France 4 entities Belgium (Beobank) 8 entities Asset Management (La Française Groupe) 34 entities (7 of them are accounted for by the equity method) Insurance (NEA) 10 entities (1 ) The European Central Bank (ECB) supervises the entire group, via the Confédération Nationale du Crédit Mutuel 5
Crédit Mutuel Group, a Cooperative Group With 2124 “Caisses Locales”, 19 “Fédérations” and 6 “Caisses Fédérales”, the Crédit Mutuel Group is the third largest retail bank in France Under the French Banking Act, federations are affiliated with “Confédération Nationale du Crédit Mutuel” (“CNCM”), the regulated entity, in particular for the ECB Crédit Mutuel Nord Europe (“CMNE”) has been supporting the recent changes in the governance and organisation of CNCM ❚ Crédit Mutuel Nord Europe Network & Business ❚ Crédit Mutuel Maine-Anjou, C. 6 000 local branches Basse-Normandie Staff: 81 657 ❚ Caisse interfédérale Arkéa « Sociétaires » (members): 7.7mn ❚ Crédit Mutuel Océan Customers: c. 30.7mn ❚ Crédit Mutuel Antilles- Market shares: Guyane ❚ Caisse fédérale de Savings: 15.2% Crédit Mutuel (CM11) Loans: 17.2% 6
CMNE: a Major Player in France and Belgium Crédit Mutuel Nord Europe (CMNE) is the third largest banking group within the Crédit Mutuel Group in terms of number of clients and/or branches, total assets, net banking income and statutory equity capital CMNE operates in two main markets: France 1 , in 2 regions: Hauts-de-France and Champagne-Ardennes, part of Grand Est Belgium 1 , through Beobank. Belgium is CMNE’s second domestic market The CMNE territory represents a market of 17mn individuals. CMNE is also present in Luxembourg, mainly through its life insurance subsidiary which primarily serves its clients in Belgium (1) Bancassurance France: 281 bank branches, Business Finance: 17 business centers and 2 offices, Bancassurance Belgium: 65 bank branches, 12 business centers et 166 agents délégués 7
CMNE Group: Key Dates Moniwan, first Fintech New organisation in 5 business Acquisition of Met for SCPI distribution to areas: Bancassurance France, Life Insurance individual investors Bancassurance Belgique, Belgium S.A NV Asset management Business France, Insurance, (NELB) group renamed La Asset Management Française AM New 5 year plan structured around 3 businesses: Bank, Merger between UFG and La CMN renamed Crédit Insurance, Asset Française des Placements Mutuel Nord Europe Management 2000 2002 2003 2005 2006 2009 2010 2011 2012 2013 2014 2015 2016 2017 Acquisition of Internet Banking Merger between Colbert Life BKCP & Beobank Acquisition Luxembourg (Life Acquisition of of Crédit insurance), named Citibank NV S.A Professional Nord Europe Life in Belgium Luxembourg (BKCP) Exchange between NEA and Credit Citibank Mutuel Insurance Group (CM11-CIC): renamed Acquisition of Creation of Group UFG Acquisition of 49% of Partners Beobank SDR Normandie (UFG + Nord Europe Belgium (Non life) vs 49% of NELB & Batiroc Asset Management) (Property Leasing) Asset Management Group Belgium Corporate Insurance 8
Ratings and Stress Test Results In its assessment, Standard & Poor’s points out the resilient earnings, the status as a cooperative group and the controlled growth of risk assets. S&P continues to view the main entities as core, as they are bound by solidarity agreements: “The outlook revision reflects the continuation of Crédit Mutuel's solid financial performance and our views of its positive transition toward strengthening further its balance sheet and building stronger loss- absorption capacity” Source: S&P 10/2016 Current S&P Rating for CMNE Issuer S&P Long Term Rating Outlook Short Term A-1 Belfius A- Stable Long Term A BFCM A Stable Outlook Stable BNP A Stable Credit Agricole A Stable Source: S&P 12/2016 KBC (HoldCo) BBB+ Stable Societe Generale A Stable Based on stress test performed in 2016, the European Banking Authority (EBA) and the European Central Bank (ECB) ranked the Crédit Mutuel Group #1 among the largest French banks 9
2. Key Figures 10
Recommend
More recommend
